Wizz Air (WIZZ.L) is expecting to fly 60 per cent to 80 per cent of its previous capacity this summer, its chief executive said on Friday, as the Hungarian low-cost airline prepares for European travel to re-open but with many restrictions still in place.
Chief executive Jozsef Varadi said the uncoordinated approach of different European governments and changing restrictions left him feeling cautious ahead of the critical summer travel season.
“I’m pretty sure summer is going to be better than where we are today,” Varadi told a virtual aviation conference on Friday.
“My view is not demand-driven from the consumer or not supply-driven from the airline, it is the unpredictability of the government actions, and government imposed restrictions.”
European airlines are desperate for travel markets to re-open after a year of lockdowns but slow progress with the continent’s vaccination programme and worries about the efficacy of the shot against some variants of Covid-19 have put the summer season in jeopardy.
He said he expected fares to be between 20-25 per cent lower compared to the pre-pandemic period, helped by airline overcapacity.